PEPE Price Plunges 50% In A Month—Is A 40% Drop Next?

• PEPE liquidations exceed $20M in 48 hours, fueling bearish sentiment.
• A looming death cross signals a possible 40% drop if support breaks.
• Negative funding rates and investor capitulation hint at further downside.

Pepe price continues to struggle as it hovers around $0.000010 on Tuesday after a sharp 23% decline in the past week. The frog-based meme coin has suffered a brutal correction, triggering over $20 Million in liquidations within two days.

On-chain metrics indicate further weakness, with negative funding rates and a falling Network Realized Profit/Loss (NPL) indicator signaling heightened bearish pressure.

Liquidations Mount as PEPE Traders Face Wipeout

Pepe price remains in a downtrend this week, trading at $0.00001028, down 16.58% over the past seven days. The memecoin briefly dropped to $0.000007 before bouncing back but continues to face selling pressure.

Data from CoinGlass shows that over $20 Million in PEPE positions were liquidated within 48 hours. This wave of forced sell-offs reflects traders losing their bets on a price rebound, further amplifying volatility.

Large-scale liquidations often create fear, uncertainty, and doubt (FUD), triggering even more selling pressure in the market.

On-chain metrics further confirm PEPE’s struggle. The OI-Weighted Funding Rate from Coinglass stands at -0.0059%, suggesting that a larger number of traders are betting on further price declines.

Additionally, Santiment’s Network Realized Profit/Loss (NPL) indicator highlights worsening market pain. Between Saturday and Tuesday, the NPL fell sharply from -1.32 million to -48.36 million, signaling increased investor capitulation as holders sold at a loss.

Historically, such strong dips in the NPL suggest continued selling pressure, which could push PEPE’s price lower in the coming days.

Death Cross Looms as Pepe Price Teeters on Key Support

PEPE’s price action on the daily chart paints a bleak picture. The meme coin has formed a falling channel pattern, dropping from $0.0000288 to the current level of $0.00001034—marking a staggering 64% decline in just two months.

The Pepe price chart shows that the coin broke below key support levels, with the next potential support at $0.0000078.

If this level fails, the Fibonacci extension points toward a further drop to $0.0000048, indicating a possible 40% downside.

Additionally, the looming death cross—where the 50-day and 200-day moving averages converge—signals extended bearish momentum.

However, there is a glimmer of hope for bulls. The Relative Strength Index (RSI) is hovering near oversold levels, hinting at a possible relief rally.

The Stochastic RSI also shows signs of a potential bullish crossover, which could temporarily stabilize the price.

The growing long-to-short ratio and improving funding rates suggest that a short squeeze could spark a temporary relief rally. However, if selling pressure intensifies and the price falls below the critical $0.0000078 support, PEPE could be at risk of another sharp drop toward $0.0000048.

Investor sentiment remains bearish, with on-chain data showing continued weakness. Pepe price now depends on whether bulls can hold the crucial $0.000010 level or if sellers will push it into deeper losses.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.